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Create a budget that aligns with your financial goals from "summary" of Broke Millennial by Erin Lowry
When it comes to managing your money, it's crucial to create a budget that actually works for you. This means taking into account your specific financial goals and tailoring your budget to help you achieve them. Your budget should not only reflect your income and expenses, but also align with what you want to accomplish in the short and long term. To start, you need to clearly define your financial goals. Ask yourself what you want to achieve with your money. Do you want to pay off debt, save for a down payment on a house, or travel the world? Knowing your goals will help you prioritize where your money should go. Once you have a clear idea of what you're working toward, you can begin to build a budget that supports those goals. Next, take a close look at your income and expenses. Track your spending for a month to see where your money is going. This will help you identify areas where you can cut back in order to allocate more money toward your goals. Be honest with yours...
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